Latest Headlines – Page 266
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Ispo Shanghai to focus on adventure travel and running
Ispo Shanghai will take place this summer in the Shanghai New International Expo Center (SNIEC) for the second time, on July 6-8, and the figures should exceed those of the first edition of this new summer trade show. The organizers expect nearly 400 exhibitors from more than 20 countries, which ...
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Analysis: The sports equipment market 2015
Excluding other types of products in their portfolios, the major suppliers of branded sports hardware saw their global sales increase by only 1.2 percent in terms of U.S. dollars, reaching a level of $73.4 billion, according to an annual survey by Sporting Goods Intelligence. It was a major slowdown from ...
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Under Armour changes structure in Europe
In a bid to grow its business substantially in Europe, Under Armour has segmented the region into three sub-regions and decided how to sell its products in the five major European markets. The fast-growing American challenger of Nike and Adidas has concluded a major distribution agreement for the Italian market ...
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Johnson becomes chairman of Foot Locker
Richard A. Johnson, president and chief executive of Foot Locker, has been appointed to the additional position of board chairman, effective May 18. Nicholas DiPaolo, who has served as chairman for the past year, following the retirement of Kenneth Hicks, will remain on the board of directors until his term ...
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Foot Locker reports mixed results
Aside from its Runners Point and Sidestep chains in Germany, which continue to flounder on issues of product assortment, Foot Locker had pretty good results outside the U.S., especially in Canada, during the first quarter ended April 30. Foot Locker Europe had high single-digit growth during the period against a ...
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Decathlon moves into South Africa and Mexico
Decathlon has opened business in South Africa with a pop-up store in the Soweto area of Johannesburg. The French retailer's project leader in South Africa, Arnaud Gauquelin, says in an entry on Decathlon's website that the retailer is starting with a pop-up store to learn more about the demand from ...
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Sportringen goes to Denmark
Sportringen, the Swedish buying group in which Finland's SGN Sportia bought half of the shares at the end of last year (SGI Europe Vol. 26 N° 41-42 of Dec. 18, 2015), is establishing itself in Denmark. The move comes as Denmark's largest ice hockey store, Skatertown, has become a member ...
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More football mega-deals in the making
The prices of European team endorsements are apparently reaching new heights, with reports that Nike is preparing to fork out £60 million (€78.7m-$87.6m) per year for a deal with the Chelsea football club from the 2017/18 season and more than €100 million for Barcelona FC, which would probably make it the ...
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Nike reshuffles global management roles
Nike has announced a series of general management appointments. The company has named Phil McCartney as vice-president, general manager of Nike Footwear, effective June 1. McCartney, who has been with Nike for 19 years across multiple categories and geographies, will continue to work with category teams, design, product development and ...
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Nike expands its European distribution center
Nike has unveiled the latest expansion of its European Logistics Campus in Belgium, which is intended to make Nike's European operations more efficient and more sustainable. The expansion is also expected to enable growth by serving consumers and partners in 38 countries across the world from a single inventory location.According ...
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New commercial leadership for Amer
Just as Intersport International Corp. announced the appointment of its future chief executive, Victor Duran, starting next Jan. 1 (see our last issue), Amer Sports announced the promotion of Michael White to the new position of chief commercial officer. He will also have additional responsibility for the company's global Business ...
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Adidas to divest Mitchell & Ness
Adidas has entered into a definitive agreement to sell its Mitchell & Ness business to a newly-formed company owned by Juggernaut Capital Partners. Adidas said the sale of the Philadelphia-based apparel brand will allow the group to focus more aggressively on its core brands. Mitchell & Ness is best known ...
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New management and record sales for Deckers
Deckers Brands announced that Dave Powers will succeed Angel Martinez as chief executive of the American group following Martinez' retirement, effective May 31, after a long career. He was a co-founder of Keen. He acted as CEO of Rockport, chief marketing officer of Reebok and CEO of Keen before he ...
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Skins puts equity crowdfunding round on hold
Skins, the brand of compression sportswear based in Switzerland, has suspended its equity crowdfunding campaign after major investors expressed interest in obtaining a substantial shareholding in the brand. It had launched a crowdfunding campaign in February this year on Seedrs in the U.K. and Equitise in New Zealand, aiming to ...
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Athleisure drives expansion in Belle's sportswear stores
The athleisure trend appears to be talking hold in China, as the country's leading footwear and sportswear retailer reported a decline in footwear sales but a sharp increase in the turnover of its sportswear and apparel stores. Belle International attributed the combination to a shift in Chinese consumer behavior, with ...
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Vulcabras continues to improve
Confirming its financial turnaround, the Brazilian company that sells its own shoes under the Azaleia, Dijean, Opanka and Olympikus brands, reported a 17.0 percent increase in net revenues to 251.5 million reais (€62.7m-$70.4m) for the first quarter ended March 31.The gross margin improved to 33.2 percent from 32.4 percent in ...
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Alpargatas performs relatively well
Alpargatas posted upbeat results for the first quarter of 2016, despite the ongoing low consumption rate and other economic problems in Brazil. Total revenues increased by 9.3 percent to 1,011.6 million reais (€251.1m-$281.9m) during the quarter ended March 31 for the company that owns the Havaianas and Dupé brands of ...
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Fesi launches counterfeiting awareness campaign
The Federation of the European Sporting Goods Industry (Fesi) has launched an awareness campaign relating to online purchases of counterfeit sporting goods, with financial support from the European Union.“Score the real thing” chiefly consists of videos to be disseminated through social media about the dangers of buying counterfeit goods. Instead ...
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Asics shows significant progress in sustainability performance
Asics said it achieved tremendous progress in various areas of its sustainability performance during 2015, as summarized in its recently released 2015 Sustainability Report. The company reduced CO2 emissions by 43 percent, water consumption by 50 percent, and solid waste emissions by 17 percent per pair of shoes manufactured as compared ...
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Victor Duran will lead Intersport International
An extraordinary general meeting of Intersport International Corporation (IIC) has unanimously appointed a 49-year-old executive of Amer Sports, Victor V. Duran, to succeed Franz Julen in the delicate and demanding job of chief executive of the world's largest sporting goods retail organization. Moving to its head office in Bern, he ...
